A car insurance is a boon for those owning cars and use the same to commute to various places. Car insurance are of two kinds, comprehensive car insurance and third-party liability cover. Comprehensive car insurance covers third-party liabilities as well as own damage liabilities while third-party liability car insurance plan covers third-party liabilities alone. As per the Motor Vehicles Act, it is mandatory to insure your vehicle with at least a third-party liability cover. You can buy or renew a car insurance online or offline depending on your convenience. You can visit any of the third-party insurance websites or official insurance websites to purchase or renew car insurance policy. Online purchase or renewal of insurance policy comes with many perks, a few of them are mentioned below:
You can go online and compare various insurance policies available in the market. Check for top insurers and compare the benefits and features they offer along with the insurance plans. You can choose an insurer that offers you an insurance plan that best serves all your insurance needs within the budget. You can then pay for the chosen insurance plan via netbanking, credit card or debit card.
You can protect yourself against agents or agencies that might trick you into fraudulent schemes by purchasing or renewing insurance policy online. This way, you can avail a good insurance plan without getting tricked or getting involved in frauds.
Online purchase or renewal of the policy is cost-effective; you won’t have to spend a lot to avail a car insurance policy via online. You can save financially on travel, documentation, etc. Insurers usually offer a number of discounts on insurance policy which favors the policyholder financially and makes the policy cost-effective.
When you purchase or renew your car insurance online, insurers usually offer a number of discounts on the same because of less documentation, lack of intermediaries, direct purchase, etc. Discounts include No Claim Bonus discount, professional discount, discount if you have installed ARAI approved devices in your car, etc.
Online purchase or renewal of car insurance policy is a hassle-free and easy process. You can avail a car insurance policy online in no time due to less documentation, lack of intermediaries, no travelling, etc.
Online purchase or renewal of car insurance requires very less or nil documentation which saves the insurer and policyholder both money and time. This is also environment friendly because of it being a paperless process.